Payment Beneficiary definition

Payment Beneficiary means a Payment Merchant who is designated by you to receive payment via a Payment Service.
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Payment Beneficiary means a natural or legal person who is the payee in the context of a Payment Transaction;
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Examples of Payment Beneficiary in a sentence

  • In the event of termination of Executive's employment hereunder by reason of his death, the Corporation shall pay a benefit (the "Benefit Payment") to such person or persons as Executive shall, at his option, from time to time designate by written instrument delivered to the Corporation, each subsequent designation to revoke all prior designations, or if no such designation is made, to Executive's estate (the "Payment Beneficiary").

  • In addition, the original Customer, new Customer of Record, and Tariff Payment Beneficiary shall sign and provide an updated Tariff Payment Beneficiary Form thirty days before the transfer is scheduled to occur.

  • The Customer of Record must certify and approve any payments to be made to a Tariff Payment Beneficiary.

  • In the event that a Bidder’s REC price is negative, as indicated in the Cover Sheet, an invoice for negative REC payments will be issued to the Tariff Payment Beneficiary in March of each calendar year.

  • Such initial Tariff Payment Beneficiary must be designated at the time of Bid submission.

  • Payments to Tariff Payment Beneficiaries shall be made in accordance with the payment instructions in the Attachment 2: Tariff Payment Beneficiary Form.

  • In the event of termination of Executive's employment hereunder by reason of his death, the Corporations shall pay a benefit (the "Benefit Payment") to such person or persons as Executive shall, at his option, from time to time designate by written instrument delivered to the Corporations, each subsequent designation to revoke all prior designations, or if no such designation is made, to Executive's estate (the "Payment Beneficiary").

  • For the Buy-All Tariff, a Tariff Payment Beneficiary, other than the Customer of Record, can be designated to receive a percentage of the total tariff compensation.

  • An administrative fee, as noted in the most current version of the Program Rules, as may be amended from time to time, will be charged for any updates to the Tariff Payment Beneficiary forms.

  • One hundred (100) percent of the compensation can be allocated to a Tariff Payment Beneficiary.